Updated Dec 4, 2024
Multifamily Property In Newton, MA Sold For $1.6M With Alison Klein As The Broker
81-83 Athelstane Road
$1,625,000
$427/SF
Building Size
3,805 SF
Asset Type
MultiFamily
Closing
Aug 31, 2023
About this deal
AI
A multifamily property located at 81-83 Athelstane Road in Newton, MA was recently sold for $1,625,000. The transaction was handled by broker Alison Klein of RE/MAX Preferred Properties. The property spans 3,805 square feet, resulting in a price per square foot of $427.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,625,000
- Square Footage: 3,805
- Price Per Square Foot: $427
- Broker: Alison Klein - RE/MAX Preferred Properties
This successful transaction exemplifies the demand for multifamily properties in Newton, MA. Alison Klein, representing RE/MAX Preferred Properties, played a crucial role in facilitating the sale of this property. The price per square foot of $427 reflects the value and desirability of the 3,805-square-foot asset.
Players
Newton Center MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93